Abstract

http://ssrn.com/abstract=621862
 
 

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The Unsolvable Dilemma of a Paretian Policymaker


Giuseppe Dari-Mattiacci


University of Amsterdam - Amsterdam Center for Law and Economics (ACLE); Tinbergen Institute

Nuno M. Garoupa


University of Illinois College of Law


Supreme Court Economic Review, Forthcoming
George Mason Law & Economics Research Paper No. 04-52

Abstract:     
In this paper, we argue that social decisionmaking is subject to a fundamental conflict between consistency and completeness. We show that a consistent welfarist method of policy assessment, that is, one that never violates the Pareto principle, may be incomplete in the sense of being incapable of providing a solution to important social welfare problems.

Number of Pages in PDF File: 12

Keywords: Individualistic social welfare, Interdependent preferences

JEL Classification: C0, D63, K0

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Date posted: November 18, 2004  

Suggested Citation

Dari-Mattiacci, Giuseppe and Garoupa, Nuno M., The Unsolvable Dilemma of a Paretian Policymaker. Supreme Court Economic Review, Forthcoming; George Mason Law & Economics Research Paper No. 04-52. Available at SSRN: http://ssrn.com/abstract=621862 or http://dx.doi.org/10.2139/ssrn.621862

Contact Information

Giuseppe Dari-Mattiacci (Contact Author)
University of Amsterdam - Amsterdam Center for Law and Economics (ACLE) ( email )
Roeterstraat 11
Amsterdam, 1018WB
Netherlands
HOME PAGE: http://darimattiacci.acle.nl
Tinbergen Institute
Roetersstraat 31
Amsterdam, 1018 WB
Netherlands
HOME PAGE: http://scholar.google.com/citations?user=AuUfjxUAAAAJ&hl=en
Nuno M. Garoupa
University of Illinois College of Law ( email )
504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
HOME PAGE: http://works.bepress.com/nunogaroupa/
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